FL ARCHIVED April 2017 | Page 92

Market Action Report
April 2017
MIAMI
City: Miami Beach BEACH
Agent Name
Market Action Report
April 2017
Title
Phone
Agent
Website Name
Title
Other
Phone
Trending versus*:
Month
Website LM L3M PYM LY
$2,450,000
-2%
Other -1%
Community Information | School District
City: Miami Beach
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
Prior YTD Prior Year
YTD
$4,421,874 -1% Trending versus*:
-4%
Trending versus*:
$1,750,000
0% PYM
7% -5%
$1,741,688
-1%
-6%
Month 10%
LM L3M
LY
YTD
Prior
YTD Prior
Year
$2,929,482 -1%
22% -8% 32%
22%
13%
$2,450,000
-2% 5% $3,170,344
Total Properties
for Sale
(Inventory)
1,131 -1%
-3%
2%
Average
List Price Currently
of all Current
Listings
$4,421,874
-4%
April Median
Number Sales
of Properties
Sold
35 -19%
136
-5%
April
Price
$1,750,000
10% 0% -8%
7% -5% $1,741,688
-1%
-6%
April Average
Average Sales
Days Price
on Market (Solds)
163 -16%
36% 5%
9% $3,170,344
200
40%
34%
April
$2,929,482
22% -19%
-8% 32%
22%
13%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$1,182
$1,319
-6%
-2%
Total
Properties
for Sale
(Inventory)
1,131 -12%
-3% -10% -15%
2% -12%
April Number
Sold Price
per Square Sold
Foot
$988
-5% -8% -8%
-3% -6%
$1,075
0%
2%
April
of Properties
35 -19%
136
-5%
April Average
Month's Days
Supply
Inventory
32.3
19% -19%
4% 36%
11% -4%
35.1
17%
4%
April
on of
Market
(Solds)
163 -16%
9%
200
40%
34%
April Sale
Price
List Price
83.3% -12%
-5.0% -10%
-.2% -15%
-3.7% -3.8%
83.5%
-5%
-4%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$1,182
-12%
$1,319
-6%
-2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April
Sold Price per Square Foot
$988 -5% -8% -3% -6%
$1,075
0%
2%
Number
April Month's Supply of Inventory
32.3 19% 4% 11%
-4% of Properties
35.1 Sold
17%
4%
Property
Sales
April
Sale Price
vs List Price Ratio
83.3% -5.0% -.2% -3.7% -3.8%
83.5%
-5%
-4%
80
Average List Price of all Current Listings
April Median
Sales
Price
Market
Profile
& Trends
Overview
April Average
Sales
Price
Median
List Price
of all
Current Listings
3 Mo Avg
April Property
sales
were / 35,
down Month
7.9% Prior
from
in April
of / YTD = Year-to-date
* LM=Last
Month / L3M=Last
3 Months
PYM=Same
Year 38
/ LY=Last
Year (2016)
month. The Average Sales Price in April was $2,929,482, up
32.3% from $2,213,724 in April of 2016 and up 21.6% from
$2,409,360 last month. April 2017 ASP was at a mid range
compared to April of 2016 and 2015.
The Total Inventory of Properties available for sale as of April
was 1,131, down 2.8% from 1,163 last month and up 2.3% from
1,106 in April of last year. April 2017 Inventory was at its
highest level compared with April of 2016 and 2015.
35
30
Median Sales Price and Average Sales Price
3 Mo Avg
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
4,400
14
15
16
17
3,900
Median Sales Price and Average Sales Price
3 Mo Avg
3,400
4,400
2,900
3,900
2,400
3,400
1,900
2,900
1,400
2,400
1,900
Inventory & MSI
3 Mo Avg
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
14
15
16
17
10
0
Number of Properties Sold
60
80
50
70
40
60
30
50
20
40
10
30
0
20
Prices
The Median Sales Price in April was $1,750,000, up 7.2% from
$1,632,500 in April of 2016 and up 9.9% from $1,592,500 last
month. The Average Sales Price in April was $2,929,482, up
32.3% from $2,213,724 in April of 2016 and up 21.6% from
Prices
$2,409,360
last month.
ASP was at a up
mid
range
The
Median Sales
Price in April
April 2017
was $1,750,000,
7.2%
from
compared to
$1,632,500
in April
April of
of 2016
2016 and
and 2015.
up 9.9% from $1,592,500 last
70
2016 and 18.6% lower than the 43 sales last month. April 2017
sales were at their lowest level compared to April of 2016 and
2015. April Sales
YTD sales of 136 are running 4.9% behind last year's
Property
year-to-date
143. 35, down 7.9% from 38 in April of
April
Property sales
sales of were
2016 and 18.6% lower than the 43 sales last month. April 2017
sales were at their lowest level compared to April of 2016 and
2015. April YTD sales of 136 are running 4.9% behind last year's
year-to-date sales of 143.
1,400
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
1,400
60.0
14
15
16
17
1,200
50.0
1,000
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
40.0
The Total Inventory of Properties available for sale as of April
800
1,400
60.0
30.0
was 1,131, down 2.8% from 1,163 last month and up 2.3% from
600
1,106 in April of last year. April 2017 Inventory was at its
1,200
50.0
20.0
A comparatively lower MSI is more beneficial for sellers while a
400
highest level compared with April of 2016 and 2015.
1,000
higher MSI is better for buyers. The April 2017 MSI of 32.3
40.0
10.0
200
months was at its highest level compared with April of 2016 and
800
30.0
0
0.0
2015.
600
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
20.0
A comparatively lower MSI is more beneficial for sellers while a
400 14
15
16
17
higher MSI is better for buyers. The April 2017 MSI of 32.3
10.0
200
months was at its highest level compared with April of 2016 and
0.0
0
2015.
M J and J Up A | Property
S O Types:
N D SFH
J F - Con
M A M J J A S O N D J F M A M J J A S O N D J F M A
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000
14 Association of REALTORS, My
15 Florida Regional MLS, Naples Area Board of REALTORS,
16
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami
REALTORS Association of the Palm 17
Beaches, Space Coast Association of REAL
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
92 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REA
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.